What describes a counteroffer?

What describes a counteroffer?

• A. A change of terms, usually different terms or dates.
• B. An offer to purchase at a higher price.
• C. A request for a longer closing date.
• D. An acceptance of the original terms.

Answer: (A)

A counteroffer is a response to an offer that changes the terms. It rejects the original offer and presents new terms for the other party to consider, such as a different price or a different closing date. Once you make a counteroffer, the initial offer is off the table and the roles swap—the other party now decides to accept, reject, or counter again. So describing a counteroffer as a change of terms, usually involving different terms or dates, best matches what a counteroffer is. An offer to purchase at a higher price could be part of a counteroffer if the terms are changed, but simply asking for a longer closing date or merely accepting the original terms do not describe a counteroffer.

A counteroffer is a response to an offer that changes the terms. It rejects the original offer and presents new terms for the other party to consider, such as a different price or a different closing date. Once you make a counteroffer, the initial offer is off the table and the roles swap—the other party now decides to accept, reject, or counter again.

So describing a counteroffer as a change of terms, usually involving different terms or dates, best matches what a counteroffer is. An offer to purchase at a higher price could be part of a counteroffer if the terms are changed, but simply asking for a longer closing date or merely accepting the original terms do not describe a counteroffer.